NEW YORK Royal Bearing
Inc. has bought the bearings inventory of the defunct
Sparrows Point, Md., steel mill.
The facility had been owned by
several companies, most recently RG Steel LLC, since its
construction in 1889. RG Steel filed for Chapter 11 bankruptcy
protection and idled the facility in 2012 (
amm.com, May 31), with the assets currently being
auctioned off by Northbrook, Ill.-based Hilco Industrial
"It was a massive inventory,"
Erik Calhoun, Royal Bearings purchasing and marketing
coordinator, told AMM. "That particular mill had been
around for many years and been through various hands. ... It
was probably the largest purchase of its kind in the United
The purchase included more than
500,000 pounds of original large-bore bearings, the equivalent
of 14 tractor-trailer loads. The bearings were manufactured by
companies such as Canton, Ohio-based Timken Co. and Mount
Prospect, Ill.-based NTN Bearing Corp.
"Were extremely pleased
that we were successful in acquiring this bearing inventory,"
Royal Bearing president Clarence Hopkins said. "This massive
inventory has been fully integrated into our existing bearing
stock and is now available to our worldwide customer base."
The Portland, Ore.-based
wholesale bearings distributor, which operates facilities in
Michigan, Oregon and Ontario, declined to comment on the value
of the inventory purchased.